Broadstone Net Lease, Inc.
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 31, 2025
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Cash Flows
Cash and cash equivalents and restricted cash totaled $22.0 million and $19.9 million at June 30, 2025 and June 30, 2024, respectively. The table below shows information concerning cash flows for the six months ended June 30, 2025 and 2024:
| For the Six Months Ended | ||
|---|---|---|
| June 30, | ||
| (In thousands) | 2025 | 2024 |
| Net cash provided by operating activities | $150,739 | $145,039 |
| Net cash used in investing activities | (216,593) | (21,423) |
| Net cash provided by (used in) financing activities | 71,837 | (124,352) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $5,983 | $(736) |
The increase in net cash provided by operating activities was primarily due to increased contractual rents related to rent escalations and growth in our real estate portfolio.
The decrease in cash provided by investing activities was primarily due to a decrease in disposition volume, partially offset by a decrease in investment activity during the six months ended June 30, 2025 compared to the six months ended June 30, 2024.
The increase in net cash provided by financing activities during the six months ended June 30, 2025 as compared to the six months ended June 30, 2024, mainly reflects an increase in net borrowings on the Revolving Credit Facility as well as an increase in net proceeds from unsecured term loans.
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